Office Properties Income Trust Sells 63,000 SQFT 100 Redwood Shores Parkway in Redwood City for $16.5MM, 64% Below Assessed Value

A restructured Office Properties Income Trust has unloaded a mostly empty four-story Class A building in Redwood Shores for about a third of its assessed value, handing a local buyer a reset basis just as AI-driven leasing pushes San Mateo County demand to a seven-year high.